Trade Ideas

It looks like I have to close my open AUDUSD short order since the pair has been edging farther and farther away from my entry point.

Hi Traders, I just returned last week from Seoul, Korea last week and spent a great deal of time there speaking about the U.S. Dollar and the Dow Jones. These two markets are of keen interest for anyone trader dollar-correlated pairs.

Another week gone by, another week closer to Christmas! Check out whether my system hit or missed in this week’s Huckdate!

Good morning to my Asia session trading friends! We just saw Australia release stronger than expected jobs data with an increase of over 31k jobs. AUDUSD shot up right away, so it’s time to close as the Aussie now has fuel to run higher.

Apparently, yen weakness persisted causing the GBPJPY pair to rally furiously upwards in one direction throughout the entire week. Needless to say, I got stopped out.

Happy Jobs Friday to all! Well, I’ve been sitting on this EURUSD range for a whole week and it looks like it took the US jobs data to get it out of its funk! Surprisingly, positive headline numbers and revisions has given my EURUSD position a nice boost!

Hey forex folks! Enjoying the first week of December so far? Well, it’s been a pretty hectic week for me so I’m looking forward to unwind this weekend. But I do hope I’ll be able to chalk up some gains as my GBPJPY short trade is finally heading my way. Wish me luck on that!

Good afternoon! We saw broad Yen weakness over the past couple of days, pushing EURJPY higher to my entry level and beyond…way, way beyond to my stop out level! Grrrrrr! Let’s see what happened…

The “backbone” or “decision level” of an uptrending pattern is the lower uptrend line as it support and there therefore holds the key to either the swing entry continuation buy or the trend reversal short.

The daily USD/CAD has formed a symmetrical triangle as the prices are being squeezed as the pair moves sideways in an accumulation cycle.

For all those waiting for an update on my HLHB system, here it is! Check it out!

Boo. The FOMC meeting minutes did quite a number on the markets yesterday as it encourage currency traders to diversify out of the dollar. The EURUSD, in just one day, broke out of its range, set a new yearly high, and hit my stop loss in the process.

What a bummer! Looks like holding on to my 2nd position didn’t work out too well for me. At least I was able to lock in profits by moving my stop loss to breakeven!

Good morning! It looks like the resistance that has been working for the past couple of weeks couldn’t hold in today’s session on negative US Dollar comments from the FOMC Meeting Minutes.

Remember that when you’re trading the USD/JPY, the risk appetite/aversion of equities will be a major factor. The current downtrend reflects that the yen continues to rally against the U.S. Dollar.

Good morning! It looks like I couldn’t catch a break on GBPJPY as I missed the initial break of the symmetrical triangle, and now the market failed to make it up to my short entry point at 148.50 on the retracement.

It wasn’t fun to sit through but there was a reason to wait out the pullback into the Wave on the daily chart. In fact there was also a reason to expect a deeper correction as well.

Good morning! Well, it looks like risk aversion moves didn’t follow through as the Dollar sold off and risk assets rally at the open of trading today. Gold is hitting new highs and AUDUSD has pushed up higher, stopping out my remaining position at breakeven.

With the strong uptrend – and “strong” hardly seems enough to describe the trend the aussie has been in – I’ve been swing trading. This means that I wait for a pullback to a key level and buy into it. It’s a funny feeling to buy weakness but remember in a swing trade it’s a correction you’re looking for just as long as the overall trend is int

I got home today from work and found out that my take profit point got hit! I was a little worried at first, because the pair seemed to range for a bit and actually tested the 89.50 price level twice before moving down.